STATEMENTS CLAUSES ONE. PURPOSE OF THE CONTRACT TWO. CONTRACT AMOUNT THREE. METHOD OF PAYMENT FOUR. FINANCING SOURCES FIVE. ASSIGNING COLLECTION RIGHTS SIX. WITHHOLDINGS SEVEN. FINANCING EXPENSES EIGHT. EXCESS PAYMENTS NINE. COST ADJUSTMENT TEN....Contract No. 424048860 • March 31st, 2010 • Forbes Energy Services Ltd. • Oil & gas field services, nec
UNIT PRICE PUBLIC WORKS CONTRACT, ENTERED INTO BY AND BETWEEN PEMEX EXPLORACIÓN Y PRODUCCIÓN, WHO WILL BE CALLED PEP, REPRESENTED BY MARTIN TERRAZAS ROMERO, IN HIS CAPACITY AS MANAGER OF THE NORTH DIVISION, APPOINTED TO THE DEPARTMENT OF THE WELL DRILLING AND MAINTENANCE UNIT OF PEMEX EXPLORACIÓN Y PRODUCCIÓN; AND MERCO INGENIERIA INDUSTRIAL S.A. DE C.V. AND FORBES ENERGY SERVICES LTD. (JOINT PROPOSAL), WHO WILL BE CALLED THE CONTRACTOR, REPRESENTED BY MR. JOSE ANDRES SUAREZ IN HIS CAPACITY AS GENERAL ATTORNEY, REPRESENTATIVE AND AGENT OF BOTH COMPANIES, IN ACCORDANCE WITH THE FOLLOWING STATEMENTS AND CLAUSES:
